油价冲高回落最终微跌，低调完成年度收尾

Core Viewpoint - Oil prices experienced slight declines due to geopolitical tensions in regions such as Ukraine, the Middle East, and Venezuela, which have created market disturbances while the oversupply situation in the oil market remains unchanged [4][17]. Market Dynamics - WTI crude oil futures closed at $57.95 per barrel, down by 0.22%, while Brent crude oil futures settled at $61.33 per barrel, down by 0.26% [6][19]. - The latest API data indicated an increase in U.S. crude oil and gasoline inventories, which is bearish for oil prices [4][17]. Supply and Demand Factors - December is noted as a period with the least pressure from oversupply in the second half of the year, with seasonal demand increases during the holiday period in Europe and the U.S. [4][17]. - China set records in December for both maritime crude oil imports and onshore inventory, with imports exceeding 12.5 million barrels per day, contributing to a historical high of 1.2 billion barrels in onshore storage [7][20]. Geopolitical Influences - Ukraine has intensified attacks on Russian energy infrastructure, with at least 24 incidents reported in December, increasing pressure on Russian exports [10][23]. - The geopolitical risks and localized supply disruptions are providing some support for oil prices, although rising U.S. inventories and month-end trading behaviors are exerting downward pressure [9][22]. Regional Market Insights - The Middle East oil market is experiencing increased volatility, with stable cash Dubai crude prices and significant declines in Oman and Murban crude prices [21]. - Kazakhstan's oil production has decreased by approximately 6% in December due to supply disruptions caused by adverse weather and geopolitical tensions [21].